SunSirs: Supported by Costs, the Aniline Market Stabilized After Its Initial Rise

Price trend:

According to the commodity market analysis system of SunSirs, the aniline market was consolidating after a recent price increase. On November 5th, the aniline market price was 7,525 RMB/ton, and on November 13th, the price was 7,737 RMB/ton, representing a 2.82% increase over the period, but a 18.55% decrease compared to the same period last year.

Analysis review

The aniline market recently rebounded after a period of decline. Initially, aniline prices surged due to tight supply and high prices of raw material nitric acid. However, considering downstream demand, prices subsequently stabilized. Aniline producers were experiencing smooth sales and low inventory pressure. With raw material benzene prices consolidating at low levels and downstream demand remaining strong, supply and demand were relatively stable, leading to stable aniline prices.

Cost side: Benzene prices recently weakened and declined. Overall benzene supply remained ample, port inventories had shifted from decline to accumulation, traders' enthusiasm for entering the market was generally low, and industry players held a pessimistic view of the market outlook, expecting benzene prices to continue to bottom out.

Market Forecast:

The aniline market was temporarily trading steadily with low inventory pressure. It is expected that the aniline market will maintain a consolidation trend in the short term. Please closely monitor changes in raw materials and supply and demand.

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